CBOE VIX Volatility Index rises on Thursday.
The CBOE VIX (VXX) was back on the offensive Thursday after China reported a massive spike in confirmed coronavirus infections.
The Chicago Board Options Exchange (CBOE) Volatility Index, commonly known as the VIX, peaked at 15.44 on a scale of 1-100 where 20 represents the historic average. It would eventually settle at 14.35, having gained 4.4%.
In stocks, the large-cap S&P 500 Index (SPY) finished down 0.2% Thursday.
iPath S&P 500 VIX Short Term Futures ETN: (NYSEARCA:VXX) Designed to offer exposure to the S&P 500 VIX Short Term Futures Index Total Return. The Index uses CBOE Volatility Index futures by way of a long position in the first and second month VIX Futures contracts. VXX advanced 2.2%.
ProShares Short VIX Short-Term Futures (SVXY) to track the inverse daily performance of the S&P 500 VIX Short Term Futures Index. SVXY declined 1%.
ProShares Ultra Short Term VIX Futures: (UVXY) UVXY is designed to deliver 1.5X (leveraged) returns of the day’s moves in the S&P 500 VIX Short Term Futures Index. It tacks the two front months of the futures contract. UVXY advanced 2.7%.
VelocityShares Daily 2x VIX Short Term Futures ETN (TVIX) TVIX is a leveraged VIX ETN that tracks an index of futures contracts on the VIX Short-Term Futures Index. It provides 200% leverage on the volatility moves. TVIX advanced 3.7%.
The Final Word: Coronavirus was back in the headlines Thursday after Hubei province reported nearly 15,000 new infections in a single day. The disease has infected more than 60,000 people, resulting in over 1,300 deaths.